Red Lobster

Zanesville, Ohio

NNN Pro is pleased to present the exclusive listing for a Red Lobster located
at 755 Zane Street, Zanesville, OH 43701. The site consists of roughly 8,521
rentable square feet of building space on an estimated 2.5-acre parcel of
land. This Red Lobster is subject to a 25-year Triple Net (NNN) lease, which
commenced 12/23/2014. The current annual rent is $316,244 and has
scheduled increases of 2.00% Annually.

Investment Highlights:

Strong Rental Increases | 2.00% Annually In Base Term and Options
Long Term NNN Lease | Original 25 Year Lease With Approximately 15.4 Years Remaining
Strong Retail Corridor | Wendy’s, Chipotle, Starbucks, Texas Roadhouse, Cracker Barrel, Olive Garden, Dollar General All Located Within a Close Proximity

Key Details

Price:: $4,517,776
Cap Rate:: 7.00%
Annual Rent:: $316,244
Address:: 755 Zane Street , Zanesville, Ohio 43701
Property Type:: Restaurant - Casual Dining
Lease Type:: Triple Net (NNN)

Original Lease Term:: 25
Lease Commencement:: 2/23/2014
Lease Expiration:: 7/31/2039
Rental Increases:: 2.00% Annually
Lot Size:: 2.5 Acres
Building Size:: 8,521 SF
Year Built:: 1992
Tenant:: Red Lobster

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Matthew Anuszkiewicz

manuszkiewicz@nnnpro.com

License: 10401294046

Robert Stein

rstein@nnnpro.com

License: 10401341647

Andrew Darby

adarby@nnnpro.com

Broker of record

Brian Brockman

Bang Realty, Inc

License: BRK.2009000214

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